Business Competitor Analysis, Competitor Review

Competitor Analysis

It is imperative to know your competition. Do you really know your competitors?

Who are they?
What makes them a competitor?
How are their products/services similar?
What are your advantages/ Disadvantages?
How should you position your products in the marketplace?
How do your competitors advertise?
Are your competitors local, National or Global?
Do your competitors view you as a competitor?
How do they act?
Will they respond if you change strategy?
Will you respond if they change strategy? Why?
Who is the industry leader?
What do they do well?
What makes them vulnerable?
Are there some best practices you can learn from them?”

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Competitor Analysis

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